H0873.....................................................by APPROPRIATIONS APPROPRIATIONS - Directing the transfer of funds; creating the Incumbent Worker Training Revolving Loan Fund; and appropriating an additional $2,000,000 to the Department of Commerce and Labor for fiscal years 2007 and 2008 to assist businesses in training workers. 04/04 House intro - 1st rdg - to printing Rpt prt - to 2nd rdg 04/05 2nd rdg - to 3rd rdg Rls susp - PASSED - 55-10-5 AYES -- Anderson, Andrus, Barraclough, Bastian, Bedke, Bell, Bilbao, Black, Block, Boe, Bolz, Brackett, Bradford, Chadderdon, Collins, Deal, Denney, Edmunson, Ellsworth, Eskridge, Field(18), Field(23), Garrett, Harwood, Henbest, Henderson, Jaquet, Kemp, LeFavour, Loertscher, Martinez, Mathews, Miller, Mitchell, Moyle, Nielsen, Nonini, Pasley-Stuart, Pence, Raybould, Ring, Ringo, Rusche, Rydalch, Sayler, Shirley, Skippen, Smith(30), Smylie, Snodgrass, Stevenson, Trail, Wills, Wood, Mr. Speaker NAYS -- Barrett, Bayer, Crow, Hart, McGeachin, McKague, Sali, Schaefer, Shepherd(8), Smith(24) Absent and excused -- Cannon, Clark, Lake, Roberts, Shepherd(2) Floor Sponsor - Skippen Title apvd - to Senate 04/05 Senate intro - 1st rdg - to Fin 04/06 Rpt out - w/o rec - to 2nd rdg Rls susp - PASSED - 23-12-0 AYES -- Andreason, Brandt, Broadsword, Burtenshaw, Cameron, Coiner, Compton, Darrington, Davis, Gannon, Goedde, Jorgenson, Keough, Langhorst, Little, Lodge, Marley, McGee, McKenzie, Schroeder, Stegner, Sweet, Williams NAYS -- Bunderson, Burkett, Corder, Fulcher, Geddes, Hill, Kelly, Malepeai, Pearce, Richardson, Stennett, Werk Absent and excused -- None Floor Sponsor - Lodge Title apvd - to House 04/07 To enrol - Rpt enrol - Sp signed 04/10 Pres signed - To Governor 04/12 Governor signed Session Law Chapter 436 Effective: 07/01/06
]]]] LEGISLATURE OF THE STATE OF IDAHO ]]]] Fifty-eighth Legislature Second Regular Session - 2006 IN THE HOUSE OF REPRESENTATIVES HOUSE BILL NO. 873 BY APPROPRIATIONS COMMITTEE 1 AN ACT 2 DIRECTING THE STATE CONTROLLER TO TRANSFER MONEYS FROM THE GENERAL FUND TO THE 3 ECONOMIC RECOVERY RESERVE FUND; CREATING THE INCUMBENT WORKER TRAINING 4 REVOLVING LOAN FUND; DIRECTING THE STATE CONTROLLER TO TRANSFER MONEYS 5 FROM THE ECONOMIC RECOVERY RESERVE FUND TO THE INCUMBENT WORKER TRAINING 6 REVOLVING LOAN FUND; AND APPROPRIATING ADDITIONAL MONEYS TO THE DEPARTMENT 7 OF COMMERCE AND LABOR FOR FISCAL YEAR 2007 THROUGH FISCAL YEAR 2008. 8 Be It Enacted by the Legislature of the State of Idaho: 9 SECTION 1. On July 1, 2006, or as soon thereafter as possible, the State 10 Controller shall transfer the sum of $2,000,000 from the General Fund to the 11 Economic Recovery Reserve Fund. 12 SECTION 2. There is hereby created in the state treasury the Incumbent 13 Worker Training Revolving Loan Fund which shall retain its own interest earn- 14 ings. 15 SECTION 3. On July 1, 2006, or as soon thereafter as possible, the State 16 Controller shall transfer $2,000,000 from the Economic Recovery Reserve Fund 17 to the Incumbent Worker Training Revolving Loan Fund. 18 SECTION 4. In addition to any other appropriation provided by law, there 19 is hereby appropriated to the Idaho Department of Commerce and Labor 20 $2,000,000 from the Incumbent Worker Training Revolving Loan Fund for the 21 period July 1, 2006, through June 30, 2008. Such loans shall be used to assist 22 businesses in training workers through financial assistance with tuition or 23 other expenses.
|Statement of Purpose|
This bill provides $2,000,000 from the Economic Recovery Reserve Fund to the Department of Commerce and Labor for the Incumbent Worker Training Revolving Loan Fund. This fund shall be used to provide revolving loans to assist businesses in training workers through financial assistance with tuition or other expenses.
This is a fiscal year 2007 appropriation providing two million dollars ($2,000,000) from the Economic Recovery Reserve Fund to the Department of Commerce and Labor for a new Incumbent Worker Training Revolving Loan Fund.
Contact: Eric Milstead 334-4746
Legislative Services Office, Budget & Policy Analysis
|Statement of Purpose/Fiscal Note||Bill No. H873|